Nokia is betting big on Windows Phone 8 to turn it smartphone fortunes around and many believe a failure with Windows Phone 8 could spell the end for Nokia. However, Nokia's senior vice president of smart devices, Jo Harlow, says that the new smartphones such as the Lumia 920 and Lumia 820 aren't the only chance Nokia has to prove it can compete with smartphone rivals.

Harlow said, "This is a step in the journey. This characterization that it is the last step is not reality. These are two devices; they’re not all the devices that we’ll base on Windows Phone 8. This is our strategy and it’s a journey; there’s not one moment in time that defines everything."

Nokia Lumia 920

The two new devices from Nokia are some of the first Windows Phone 8 devices to be unveiled. Along with the new operating system, the phones also have improved cameras and wireless charging. While many were excited by the new devices, the unveiling of the phones saw Nokia's stock price fall by as much as 15% after analysts said the new devices lacked "wow factor."

That Nokia 920 does look pretty sweet. It's worth getting just for the camera alone. Everything else is icing on the cake. But I don't deal with AT&T. They lost me as a customer years ago and will never get me back.